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Why Staging Matters

Why do we stage homes? I am often asked this by future clients. The main reason is that when you or I are considering a home purchase we want to “feel” what it is like to live in the new home. But so often homeowners’ personal effects can get in the way of seeing the home for what it is. There are those occasional homes when we walk in and it feels like home. That is what staging does! It takes what may not feel like home and nourishes the soul so as you walk into that well staged kitchen it says “Welcome”. The pictures tell the story. This brand new kitchen is waiting for someone to fall in love, and yet the red walls just don’t let the buyer see the beauty of the rich wood hues in these custom cabinets. The right color makes the cabinets and the rich granite counters stand out! I used the services of Laurie Flatt from Casa Labella for help with this home. Once we staged the home it sold—even in this tough market. Check out their website and remember that if you are thinking of selling, working with pros makes a difference. After months on the market the seller couldn’t believe how much staging made the difference between sitting and selling. Call me today for a personalized marketing plan for your home. I can be reached at 1-888-HEY GLEN.

Posted by:Glenn Hanon

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Wizard of Oz Christmas

The theme this year for the annual Christmas Parade in Oconomowoc is the Wizard of Oz. The parade is scheduled for this upcoming Saturday, December 5th at 3PM. Each year local residents participate in this fun parade. A few years ago we had so much snow some thought the parade would be cancelled. But like the post office, neither rain nor sleet…well something like that, the parade went on through the deep blowing snow. Santa always makes an appearance and one of the churches usually does a live nativity scene.

The parade route generally originates from Fowler Park and makes its way through the downtown area. It is best to plan on staking out your piece of sidewalk early since the weather looks to be nice, 30’s for Sunday and partly sunny. Most of the prime spots along Wisconsin Avenue go quickly. This is another great family event in Oconomowoc.

Posted by:Glenn Hanon

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We Really Don't Have Time

Congress did extend the first time homebuyer credit but time is running out. Yes you have until April to secure the right home, but beyond finding the right home, don’t let the low interest rates rise before you have time to act. Here is why a small increase in rates can affect your ability to buy that ‘right’ house. Let’s assume that you have your sights on a home for $200,000. You have 5% down or $10,000 saved up. You have calculated that your mortgage payment is $994.57 for a 4.78% interest rate. If the rates rise slightly to 5.5% your payment has just moved to $1,078.80. If your intention is to keep your payment at $994.57 per month your new purchase price is $185,000! The small increase has just cost you $15,000 in purchasing power which could mean the difference between getting the right house, or not buying at all. So before rates go up, and they will, NOW is the time to be out there finding your next dream home. For more information on how to maximize your purchase in a new market call me toll free at 1-888-HEY GLEN

Posted by:Glenn Hanon

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Save The Commission

If you are thinking of selling your home some may suggest that you should save the commission and sell the home yourself. This route requires time to; manage the paperwork, take care of all the showings, pre-qualify the buyers managing the inspections and much more. With the upcoming changes in the offer to purchase—now 9 pages in length vs. the current 5 pages, you may want to consider talking with a professional who will walk you through these complex and at times difficult situations. With the changes in the appraisal rules this alone can cause any Realtor® headaches not to mention a homeowner who is going at this for the first time. If you would like to see what a professional offers prior to committing to an agent, feel free to contact me and ask for my Marketing Plan in writing. I explain in detail everything that will take place if you choose to use the services of a professional. Today, the home is still the single largest investment most people have and after 20 years of successfully assisting families I can honestly say that I have saved the would be For Sale By Owner, money, time and headaches. Get all the facts before you decide to sell on your own.

Posted by:Glenn Hanon

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Lakers Ski Swap in Oconomowoc

Attention snow lovers! The Lake Country alpine ski team, “Lakers”, is hosting it’s annual “Ski Swap”, this Saturday, November 7th. It will take place in Oconomowoc, at the Oconomowoc High School Cafeteria. Equipment drop off is from 7:30-9:30am and the sale runs from 9:30- 1pm. Adult and youth equipment will be for sale, including alpine, cross country and snow boarding equipment. Proceeds benefit the ski team, which serves kids from all over the Lake Country area. The Lakers participate in the Wisconsin Junior Racing circuit, skiing at hills such as, Sunburst, Alpine, Devil’s Head, Ausblick, Holy Hill and Olympia. Skiers race by age status, and train in the slalom and giant slalom venues. For more information on Lakers ski team check out GRF ski shop, which coordinates the coaching and administration of the team. Lakers invites youth between the ages of 5 and 19 who like to downhill ski or want to learn to be better skiers to join.

An informational meeting and registration session for the new season will be held at Summerset Marine in Nashotah on Nov. 15 from 1 to 3 p.m. See you on the slopes of Lake Country!

Posted by:Karen Trepton

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3 Tips When Buying a Short Sale

The current real estate market has created all sorts of opportunities for buyers and one of them is the short sale purchase. Simply stated a short sale is property in which the sales price will be “short” of the actual mortgage balance and the seller’s lender will have to approve the sale. Potential buyers can look at this opportunity as a gold mine. Before you count your money consider these tips.

  1. Lenders want to minimize the loss so a low ball offer may not even make it to the right department. Just because the property is in a short sale does not mean that the lender will rollover and take your offer.
  2. You better have all your ducks in a row, financing, earnest money, finish your home inspection—basically remove any concern on the lender that you will back out. That’s right. If your offer is full of wiggle room chances are the lender will not agree to the short sale.
  3. Give the lender plenty of time. If you demand in your offer to have an answer in an unrealistic amount of time they will not respond.

Here is something to think about with short sales if you are truly interested in purchasing a home. In most cases the price that the home is currently listed at is already a good deal. You may save a few extra bucks, but let’s not get greedy. That is what got us into this mess in the first place. Watch this blog for more tips on Short Sales or give me a call for a FREE GUIDE on the short sale process.

Posted by:Glenn Hanon

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Will the extension of the tax credit happen or not???

First-Time Homebuyer Tax Credit available to an individual buying a principal residence for the first time. This will expire Dec 1, 2009 or won’t it? We will find out soon in November 2009. The extension of this Homebuyer credit if passed, will be a bit different but still nothing like we have ever had in the history of home buying.

The modifications are as follows:

1) The credit is available only for the purchase of principal residences with a purchase price of $800,000 or less.

2) An $8,000 credit is available to all first-time homebuyers.

3) The credit is phased out for individuals with income above $125,000 and for joint filers with income about $225,000.

4) A $6,500 credit is available to homebuyers who have been in their current residence for the last five years or more.

The $8,000 home buyer tax credit for first-time buyers would extend to April 30, 2010. A credit would be available under the bill to allow some existing homeowners a credit of $6,500 if they had been living in the same residence for five consecutive years out of the eight years prior to the date of the new settlement.

For more information contact,
The Kuchta’s Kelly and Colleen
Cell: 414-651-1613
Fax: 262-782-8260
Website: thekuchtas.shorewest.com
“Families Helping Families”




Posted by:Kelly Kuchta

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Senate Votes to pass Tax Credit

The Government Affairs Communications Director for the National Association of REALTORS® has informed us that the Senate just voted 98-0 to pass the Tax Credit [within the Unemployment Bill]. In her words…

“It now goes to the House. Expect Democratic leadership to place the bill on a fast track for passage on Thursday.

It could get to the President on Friday.”

Great news for homebuyers and sellers, alike! Stay tuned for the final decision.

Posted by:Karen Trepton

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FHA in Trouble?

In July of 2007 the news media was abuzz with the news that one of the largest mortgage lenders in the United States was set to go down in flames. That was then this is now. The Federal Housing Administration, FHA, began touting no down payment options when the private sector realized the nightmare that was on their doorstep. I remember commenting to my colleagues that the “No Down Payment” schemes were terrible but that the government’s insistence to continue this practice was not a good thing for our market. Some argued that this was a necessary program that offered an alternative to the potential pool of buyers who wanted to own a home but just needed that extra help. Today in the Wall Street Journal it was noted that 24% of the loans issued in 2007 are going bad and an additional 20% of the 2008 loans will go bad as well. Responsible lending must be the key to a recovery and not the quick fixes that we so often run to. The government pilloried the private banks for their shameful practices, but then did the same thing as the market was disintegrating with their own agency—the FHA.

FHA Digging Out

Posted by:Glenn Hanon

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Beware of Short Sales and Foreclosure!!

This is a great place to learn and share with others. If ever you were to have any questions with regards to Short Sales or Foreclosure, feel free to contact us and we’ll try to help. Please take a look at our blogs, website, email or just call us to get valuable information and the best part - your questions are answered for FREE!!

The Kuchta’s - Kelly and Colleen are the ones to call for those difficult questions. Website: goshorewest.com
Cell: 414-651-1613. We hope you have a great day!

All The Best -



Posted by:Kelly Kuchta

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